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An Examination Of Board And Firm Performance: Evidence From Taiwan

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  • Chang-Jui Lin

Abstract

This article discusses the impact of duality and board structure in corporate governance on corporate performance. The results showed that, regarding Tobin's Q, outside independent directors have a positive impact while other variables have no impact on corporate performance. Similar results were achieved using ROA and ROE for analysis. Duality, board size, and family-controlled directors had a negative impact on ROA and ROE. Supervisory directors, outside independent directors and inside directors had a positive impact on ROA and ROE. The analysis of large companies showed duality, board size, and family-controlled directors yielded a negative impact on ROA and ROE. Both supervisory directors and inside directors had positive impacts on ROA and ROE. Outside independent directors had positive impacts on ROE but no impact on ROA. No variable had an impact on Tobins' Q. The results from small and medium-sized companies indicate that supervisory directors, outside independent and inside directors had positive impacts on ROA and ROE. Other variables did not yield impacts on ROA and ROE. Finally, most of the variables had no impact on Tobins' Q.

Suggested Citation

  • Chang-Jui Lin, 2011. "An Examination Of Board And Firm Performance: Evidence From Taiwan," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 5(4), pages 17-34.
    • Handle: RePEc:ibf:ijbfre:v:5:y:2011:i:4:p:17-34
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    Citations

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    Cited by:

    1. Nidhi Bansal & Anil K. Sharma, 2016. "Audit Committee, Corporate Governance and Firm Performance: Empirical Evidence from India," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 8(3), pages 103-116, March.
    2. Gordon, Irene M. & Hrazdil, Karel & Shapiro, Daniel, 2012. "Corporate governance in publicly traded small firms: A study of Canadian venture exchange companies," Business Horizons, Elsevier, vol. 55(6), pages 583-591.
    3. Maadi Bakor Omar & Azhar B Abdul Rahman & Fathilatul Zakimi bin Abdul Hamid, 2018. "The Association between Corporate Governance and Disclosure of Audit Committee Characteristics: A Conceptual Model for the Saudi Listed Companies," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 8(3), pages 325-335, July.
    4. Yoonkyo Cho, 2022. "ESG and Firm Performance: Focusing on the Environmental Strategy," Sustainability, MDPI, vol. 14(13), pages 1-19, June.
    5. Jehad S. Aldehayyat & Sliman S. Alsoboa & Mohammad H. Al-Kilani, 2017. "Investigating How Corporate Governance Affects Performance of Firm in Small Emerging Markets: An Empirical Analysis for Jordanian Manufacturing Firms," International Business Research, Canadian Center of Science and Education, vol. 10(1), pages 77-95, January.
    6. Yunjae Bae & Kyungsuk Lee & Taewoo Roh, 2020. "Acquirer’s Absorptive Capacity and Firm Performance: The Perspectives of Strategic Behavior and Knowledge Assets," Sustainability, MDPI, vol. 12(20), pages 1-28, October.
    7. Narsa Goud Neralla, 2022. "Can corporate governance structure effect on corporate performance: an empirical investigation from Indian companies," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 19(3), pages 282-300, September.
    8. Mohamad Nur Utomo & Sugeng Wahyudi & Harjum Muharam & Maximus Leonardo Taolin, 2018. "Strategy To Improve Firm Performance Through Operational Efficiency Commitment To Environmental Friendliness: Evidence From Indonesia," Organizations and Markets in Emerging Economies, Faculty of Economics, Vilnius University, vol. 9(1).

    More about this item

    Keywords

    corporate governance; board structure; duality; corporate performance;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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